2012 Budget - South Suburban Parks and Recreation
2012 Budget - South Suburban Parks and Recreation 2012 Budget - South Suburban Parks and Recreation
South Suburban Park and Recreation District Glossary Bond – a written promise to pay a specific sum of money on a specific date at a specified interest rate. Bonds are most frequently used to finance large capital projects. Budget – a financial plan, which includes an estimate of expenditures for a given period or purpose and proposed means of financing the estimated expenditures. Budget Amendment - means an amendment to an adopted budget of the district, this action requires board approval. Budget Calendar – A schedule of key dates followed by the District in preparation, review, and administration of the budget. Budget Summary – The budget of the District in a summary format. Budgetary Basis of Accounting – See Modified Accrual Buildings and Improvements - Buildings and improvements includes the direct cost of acquisition, engineering fees and structural elements including shells and components such as heating, air conditioning and elevators. Capital Expenditures - A capital expenditure is any physical resource that benefits a department for more than three years and has a unit cost in excess of $5,000 for equipment and $50,000 for improvements. Capital expenditures include funds expended for land, water rights, building and improvements, improvements other than buildings, and equipment. Capital Improvements – See Capital Projects. Capital Projects – Expenditures that are non-operating in nature and are generally a major improvement or acquisition of equipment or property. These projects may or may not meet the capitalization policy of the District. See Capital Expenditures. Certificates of Participation (COPs) – COPs are a method of financing large equipment or capital expenditures. They are lease-purchase securities. The payment of the debt is made to an escrow agent and is called a lease payment. The escrow agent acts as a lesser for the property to be acquired or constructed with the proceeds of the COPs. The owners of the COPs do not have an ownership interest in the property financed with the proceeds of the COPs. Certificates of Deposit - A certificate of deposit or CD is a time deposit, a financial product commonly offered to consumers by banks. Certification of mill levy - validating the authenticity of the mill levy. 302
South Suburban Park and Recreation District Glossary Certified Public Accountant (CPA) – A public accountant who has been certified by a state examining board as having met the state's legal requirements. CHV – The City of Cherry Hills Village Commercial Paper - an unsecured and unregistered short-term obligation issued by an institutional borrower to investors who have temporarily idle cash. Community Development Block Grant (CDBG) – One of the longest-running programs of the U.S. Department of Housing and Urban Development, funds local community development activities such as affordable housing, anti-poverty programs, and infrastructure development. Conservation Trust Fund – This special revenue fund is used to account for lottery proceeds from the State of Colorado that are legally restricted to expenditures for park and recreation purposes. CSS – Cascading Style Sheets is a style sheet language used to describe the presentation semantics (that is, the look and formatting) of a document written in a markup language. Its most common application is to style web pages written in HTML. CTF – Conservation Trust Fund Debt – An obligation resulting from the borrowing of money or from the purchase of goods and services. Debt Service – Payments of interest and principal related to long term debt. Debt Service Fund – A fund established to finance and account for the payment of interest and principal on all general obligation debt. Departments – a major division of the District, which indicates overall management responsibility for an operation. Designation or Designated Fund Balance – the portion of the fund balance that is internally restricted for a specific purpose and is not available for general appropriation. District – South Suburban Park and Recreation District Division – see Department 303
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<strong>South</strong> <strong>Suburban</strong> Park <strong>and</strong> <strong>Recreation</strong> District<br />
Glossary<br />
Certified Public Accountant (CPA) – A public accountant who has been certified by a state<br />
examining board as having met the state's legal requirements.<br />
CHV – The City of Cherry Hills Village<br />
Commercial Paper - an unsecured <strong>and</strong> unregistered short-term obligation issued by an<br />
institutional borrower to investors who have temporarily idle cash.<br />
Community Development Block Grant (CDBG) – One of the longest-running programs of<br />
the U.S. Department of Housing <strong>and</strong> Urban Development, funds local community<br />
development activities such as affordable housing, anti-poverty programs, <strong>and</strong> infrastructure<br />
development.<br />
Conservation Trust Fund – This special revenue fund is used to account for lottery<br />
proceeds from the State of Colorado that are legally restricted to expenditures for park <strong>and</strong><br />
recreation purposes.<br />
CSS – Cascading Style Sheets is a style sheet language used to describe the presentation<br />
semantics (that is, the look <strong>and</strong> formatting) of a document written in a markup language. Its<br />
most common application is to style web pages written in HTML.<br />
CTF – Conservation Trust Fund<br />
Debt – An obligation resulting from the borrowing of money or from the purchase of goods<br />
<strong>and</strong> services.<br />
Debt Service – Payments of interest <strong>and</strong> principal related to long term debt.<br />
Debt Service Fund – A fund established to finance <strong>and</strong> account for the payment of interest<br />
<strong>and</strong> principal on all general obligation debt.<br />
Departments – a major division of the District, which indicates overall management<br />
responsibility for an operation.<br />
Designation or Designated Fund Balance – the portion of the fund balance that is internally<br />
restricted for a specific purpose <strong>and</strong> is not available for general appropriation.<br />
District – <strong>South</strong> <strong>Suburban</strong> Park <strong>and</strong> <strong>Recreation</strong> District<br />
Division – see Department<br />
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